Retail sales of fine wine/Champagne and spirits are forecast to rise at a 3% CAGR at constant 2023 prices over 2023-2028 to amount to ZAR2.3 billion.
Luxury spirits looks set to see the most dynamic growth within fine wines/Champagne and spirits over the forecast period with a predicted 4% CAGR at constant 2023 prices to total ZAR1.3 billion in 2028.
Despite potential obstacles to growth, fine Champagne’s recovery from the impact of COVID-19 is showing promising signs due to a gradual return to normalcy, with the revival of celebratory events, and the enduring strength of luxury fine wines. Fine champagne’s future is likely to be shaped in a positive way by the adaptability and innovation displayed by Champagne houses during the pandemic.
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Understand the latest market trends and future growth opportunities for the Fine Wines/Champagne and Spirits industry in South Africa with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Fine Wines/Champagne and Spirits
This is the aggregation of fine wines and luxury spirits.
See All of Our DefinitionsThis report originates from Passport, our Fine Wines/Champagne and Spirits research and analysis database.
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